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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 3/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2018: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Finniss project. Drilling results incl. 42.9m @ 1.39% Li2O from 114.0m. Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce a new high-grade intersection of 42.9m @ 1.39% Li2O at the BP33 Prospect within Core’s 100%- owned Finniss Lithium Project near Darwin in the NT. The new high lithium grades in drillhole FMRD004 are positive for the nearby 86m spodumene pegmatite intersection containing high average concentrations of spodumene in FMRD007 (ASX:19/2/18). The visual spodumene content of drill core from FMRD004 is comparable to that from recently drilled FMRD007 that has now been cut and delivered to the laboratory for assay (Photo 1 and refer ASX:19/2/18). The nearby 86m intersection in FMRD007 is the widest interval of spodumene pegmatite ever drilled in the NT. As the drillhole ended within the spodumene pegmatite body, further drilling collared to the east at BP33 is planned to define the geometry of this pegmatite body. Results from the recent diamond and RC drilling confirm that the BP33 pegmatite is open at depth and along strike to the south. It is probable that the pegmatite body becomes broader with depth at the southern end of BP33 and plunges to the south under cover toward pegmatites at BP32 and BP32W prospects (Figure 2). Pegmatites at BP32 & BP32W have been identified in historic trenching and verified more recently in shallow RAB drilling by Core. However, no RC or Diamond drilling has been conducted at either of these Prospects. | |
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